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KTFA: They TOLD us it was coming!!!

IMHO..the majority of the population in Iraq have little or no money....i think i read there was about 40 % unemployed with a large majority having little money.

I think as an example of the United States one of the wealthiest countries in the world...if suddenly a single dollar had purchasing power equivalent of a Thousand dollars...how would it affect the average person..a large majority in the US, that work, live paycheck to paycheck, with little in cash or savings,sometimes with large credit card liabilities, so the initial RI, would have little effect..but at the same time, all salaries, liabilities ETC...would be adjusted to reflect the change..in other words, if you were being paid a $ 1,000 a month under the old rate, the adjusted salary after the RI would be $ 1 per month...and any debt would be also adjusted downward, for the change in purchasing power..

In Iraq, only the persons that had a large amount of savings in dinars would benefit...the people that had no funds would not notice any difference except that the paper money or electronic funds would be missing the zeros..or in other words items that used to cost a 1,000 would now be 1.. Additionally, remember Iraqis, have also used dollars as a payment method, so the RI, would have no effect on the dollar holders.. IMHO

Samson » June 13th, 2018

Rafidain Bank announces the inclusion of all Iraqis with the "card" electronic payment

13th June, 2018

Rafidain Bank announced on Wednesday that the issuance of the MasterCard card includes employees, citizens and other segments of society

The Bank's Information Office said in a statement received by Al-Iktissad News that"the bank's branches continue to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are accepted at all ATMs connected to the MasterCard network, as well as points of sale

The statement added that advances and loans granted to employees are through these cards as well as settling their salaries electronically LINK

Rafidain explains the international MasterCard card version

2018/6/13 10:01

Rafidain Bank announced that the issuance of the card [Master Card] international includes employees, citizens and other segments of society.

"The Bank's branches continue to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are acceptable in all ATMs connected to the network [Master Card International] in addition to, To points of sale. "

The statement added that "advances and loans granted to employees through these cards as well as settling their salaries electronically." LINK

IObey777 » June 13th, 2018

BOOM!!!! And there you have it!!! In Print with pictures and explanations!!! They TOLD us it was coming!!! Just WAIT....there's more and IMO..it's coming FAST!!! Thank you, Frank and Walkingstick!!

Wow Mastercards. Must mean the RI/RV is here. Except they have had Mastercards for months now. No RI/RV.

Coming fast? I guess that depends on your definition of fast as in today or two years from now or never.

The people around this Frank remind me of the people around Hitler. They are blind followers of someone who accept what he says at face value and never question. IObey...yes he does. Everything Frankie says. Sad really.